WoE: Ukraine and the IMF deal: can the country pay its debts? with Mykhaylo Demkiv of ICU

By bne IntelliNewsAugust 28, 2018

Ukraine is running out of money. It has over a $1bn of debt that comes due this autumn and the government has managed to scrap together enough to meet this payment thanks to dollar and euro Eurobond issues on the domestic market as well as a $750mn Eurobond private placement on August 23.

However, next year the debt payments balloon and with only $17.7bn in reserves – almost exactly the three months import cover needed to ensure the stability of the currency – its crunch time. An IMF team is in Kyiv at the start of September and the government needs to strike a deal if it is to avoid another currency crisis.

bne IntelliNews editor-in-chief Ben Aris talks to Mykhaylo Demkiv, an analyst with ICU in Kyiv about the prospects of a deal and the problems of refinancing the country’s debt

Cookies on the bne IntelliNews website

This site uses cookies - small text files that are placed on your machine to help the site provide a better user experience. In general, cookies are used to retain user preferences, store information for things like shopping carts, and provide anonymised tracking data to third party applications like Google Analytics.
As a rule, cookies will make your browsing experience better. However, you may prefer to disable cookies on this site and on others. The most effective way to do this is to disable cookies in your browser. We suggest consulting the Help section of your browser or taking a look at the About Cookies website which offers guidance for all modern browsers.

Recover password

Recover link have been
expired

Set new password

Access recover request have been expired.
Please, try again.

Complete registration
process

To continue viewing our content you need to complete
the registration process.

Please look for an email that was sent to
with the subject line
"Confirmation bne IntelliNews access". This email will have
instructions on how to complete registration
process. Please check in your "Junk" folder in
case this communication was misdirected in your
email system.